JAKARTA – Jakarta Composite Index (JCI) fell by 1.05%, or 75.56 points, to 7,088.87 over the past week, down from 7,164.43 at the close of the previous week’s trading.

The average trading volume also declined by 17.37%, to 17.66 billion shares. Meanwhile, the average daily transaction value on the exchange decreased by 10.45% to IDR 8.72 trillion (equivalent to USD 538 million).

The top laggards weighing down the JCI's performance over the past week were shares of state-owned banks, PT Bank Rakyat Indonesia (Persero) Tbk (BBRI) and PT Bank Mandiri (Persero) Tbk (BMRI).

These two State-Owned Enterprises (SOEs) recorded price declines of 3.37% and 3.45%, respectively, dragging down the index by 21.54 and 17.89 points.

On the other hand, the top contributors (Top Leaders) driving JCI performance last week were dominated by stocks of Indonesian conglomerates.

Leading the pack was PT Barito Renewables Energy Tbk (BREN), owned by Prajogo Pangestu, which saw an 8.01% price increase and contributed 29.91 points to the JCI.

Following BREN were PT Petrindo Jaya Kreasi Tbk (CUAN), which added 5.54 points to the index, PT Petrosea Tbk (PTRO) with 3.30 points, and PT Barito Pacific Tbk (BRPT), which contributed 3.17 points.

Additionally, PT Pantai Indah Kapuk Dua Tbk (PANI), a company owned by Sugianto Kusuma, also made the list of top leaders. PANI’s stock contributed 3.06 points to the JCI over the past week of trading. (KR/ZH)